Binance Australia Seeks New Third Party Provider to Reinstate AUD Services

Binance Australia has temporarily suspended its Australian dollar services as a result of a disruption in support from its local payment services provider. On May 18, Binance Australia announced on Twitter that deposits using AUD PayID would be temporarily halted. They also cautioned that withdrawals through bank transfers would be affected due to a decision made by their third-party payment service provider.

Binance Australia Seeks New Third Party Provider to Reinstate AUD Services

Binance Australia has temporarily halted its Australian dollar services following a disruption in support from its local payment services provider. The announcement was made on Binance Australia’s official Twitter account, informing users about the temporary suspension of AUD PayID deposits.

In addition, they cautioned users that bank transfer withdrawals would also be affected, attributing the issue to a decision made by their third-party payment service provider.

To address the situation, Binance has taken proactive measures by actively searching for an alternative provider. The goal is to ensure the continued availability of Australian dollar deposits and withdrawals for their users.

Binance further reassured users that the ability to buy and sell cryptocurrencies using credit or debit cards, as well as the smooth operation of their Binance P2P marketplace, would not be impacted and would proceed as usual.

Binance also emphasized its commitment to the safety of user funds. They highlighted the existence of the Secure Asset Fund for Users (SAFU), an insurance fund designed to protect Binance users and their funds during exceptional circumstances. This assurance aims to provide users with peace of mind regarding the security of their assets while the temporary service disruption is addressed.

Despite the inconvenience caused by the disruption in payment services, Binance Australia is actively working towards resolving the issue promptly and minimizing any impact on user transactions and experiences. Users are advised to stay updated through official Binance Australia channels for further announcements and updates regarding the restoration of Australian dollar services.

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